727. FED Releases Crypto Banking Guidelines | Institutional Regulation Coming Soon?
Aug 17, 2022 ·
42m 23s
Up until now, American financial institutions that wanted to conduct both crypto transactions and traditional banking services have had to pick a lane. That may soon change. The Federal Reserve...
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Up until now, American financial institutions that wanted to conduct both crypto transactions and traditional banking services have had to pick a lane. That may soon change. The Federal Reserve released formal guidelines this afternoon to oversee the process by which “institutions offering new types of financial products or with novel charters” could be granted so-called “master accounts,” a key financial status that allows for direct payments with, and access to, the Fed. All federally-chartered banks possess a master account. On this episode, we'll explain what this all means for crypto adoption as well as dive into recent crypto exchange chaos that continues to ravage sentiment on centralized crypto custody exchanges.
~This episode is sponsored by Bybit~
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~This episode is sponsored by Bybit~
Receive up to a $500 Bonus upon depositing & signing up to Bybit.
Join Now! - https://bit.ly/ByBitPBN2
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